reuters-21578-json

[ { "title": "JAGUAR SEES STRONG GROWTH IN NEW MODEL SALES", "body": "Jaguar Plc <JAGR.L> is about to sell its\nnew XJ-6 model on the U.S. And Japanese markets and expects a\nstrong reception based on its success in the U.K., Chairman Sir\nJohn Egan told a news conference.\n Commenting on an 11 pct growth in 1986 group turnover to\n830.4 mln stg and pre-tax profits at 120.8 mln stg, slightly\nbelow 1985's 121.3 mln, Egan said Jaguar aimed at an average\nprofit growth of 15 pct per year. However, the introduction of\nthe new model had kept this year's pre-tax profit down.\n Jaguar starts selling XJ-6 in the U.S. In May and plans to\nsell 25,000 of its total 47,000 production there in 1987.\n U.S. Sales now account for 65 pct of total turnover,\nfinance director John Edwards said.\n A U.S. Price for the car has not been set yet, but Edwards\nsaid the relatively high car prices in dollars of West German\ncompetitors offered an \"umbrella\" for Jaguar. He added the XJ-6\nhad also to compete with U.S. Luxury car producers which would\nrestrict the car's price.\n Jaguar hedges a majority of its dollar receipts on a\n12-month rolling basis and plans to do so for a larger part of\nits receipts for longer periods, John Egan said.\n In the longer term, capital expenditure will amount to 10\npct of net sales. Research and development will cost four pct\nof net sales and training two pct.\n Jaguar builds half of its cars and buys components for the\nother half. The firm is in early stages of considering the\nbuilding of an own press shop in Britain for about 80 mln stg,\nbut Egan said this would take at least another three years\n On the London Stock Exchange, Jaguar's shares were last\nquoted at 591p, down from 611p at yesterday's close, after\nreporting 1986 results which were in line with market\nexpectations, dealers said.\n REUTER...\n\u0003", "date": " 5-MAR-1987 09:07:54.17", "topics": [ "earn" ], "places": [ "uk" ], "id": "2001" }, { "title": "OCCIDENTAL PETROLEUM COMMON STOCK OFFERING RAISED TO 36 MLN SHARES\n", "date": " 5-MAR-1987 09:18:26.80", "id": "2002" }, { "title": "CCC ACCEPTS BONUS BID ON WHEAT FLOUR TO IRAQ", "body": "The Commodity Credit Corporation,\nCCC, has accepted bids for export bonuses to cover sales of\n25,000 tonnes of wheat flour to Iraq, the U.S. Agriculture\nDepartment said.\n The department said the bonuses awarded averaged 116.84\ndlrs per tonne.\n The shipment periods are March 15-April 20 (12,500 tonnes)\nand April 1-May 5 (12,500 tonnes).\n The bonus awards were made to Peavey Company and will be\npaid in the form of commodities from CCC stocks, it said.\n An additional 175,000 tonnes of wheat flour are still\navailable to Iraq under the Export Enhancement Program\ninitative announced January 7, 1987, the department said.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:19:43.22", "topics": [ "grain", "wheat" ], "places": [ "usa", "iraq" ], "id": "2003" }, { "title": "DIAMOND SHAMROCK RAISES CRUDE POSTED PRICES ONE DLR, EFFECTIVE MARCH 4, WTI NOW 17.00 DLRS/BBL\n", "date": " 5-MAR-1987 09:21:58.67", "topics": [ "crude" ], "id": "2004" }, { "title": "NORD RESOURCES CORP <NRD> 4TH QTR NET", "body": "Shr 19 cts vs 13 cts\n Net 2,656,000 vs 1,712,000\n Revs 15.4 mln vs 9,443,000\n Avg shrs 14.1 mln vs 12.6 mln\n Year\n Shr 98 cts vs 77 cts\n Net 13.8 mln vs 8,928,000\n Revs 58.8 mln vs 48.5 mln\n Avg shrs 14.0 mln vs 11.6 mln\n NOTE: Shr figures adjusted for 3-for-2 split paid Feb 6,\n1987.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:22:57.75", "topics": [ "earn" ], "places": [ "usa" ], "id": "2005" }, { "title": "NO QUAKE DAMAGE AT CHUQUICAMATA - MINE SPOKESMAN", "body": "The earthquake which hit northern Chile\ntoday, registering 7.0 on the open-ended Richter scale, caused\nno damage to the copper mine at Chuquicamata, a mine spokesman\nsaid.\n Chuquicamata public relations director Guillermo Barcelo\ntold Reuters by telephone from the mine that the quake had\ncaused no problems and operations continued as usual.\n A spokesman for the state Chilean Copper Commission in\nSantiago confirmed there had been no damage at Chuquicamata.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:23:44.74", "topics": [ "copper" ], "places": [ "chile" ], "id": "2006" }, { "title": "ORBIT INCREASES OIL AND GAS RESERVE VALUES", "body": "<Orbit Oil and Gas Ltd> said\nthe value of its oil and gas reserves increased by 19 pct to\n52.6 mln dlrs from 44.2 mln dlrs reported at year-end 1985,\naccording to an independent appraisal.\n Orbit said it has reserves of 2.4 mln barrels of oil and\nnatural gas liquids and 67.2 billion cubic feet of natural gas.\n In addition, 75 pct owned <Sienna Resources Ltd> has\nCanadian reserves of 173,000 barrels of oil and 1.6 bcf of\nnatural gas with a current value of 2.2 mln dlrs, Orbit said.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:24:40.64", "topics": [ "crude", "nat-gas" ], "places": [ "canada" ], "id": "2007" }, { "title": "CCC ACCEPTS BONUS BID ON SEMOLINA TO EGYPT", "body": "The Commodity Credit Corporation,\nCCC, has accepted a bid for an export bonus to cover a sale of\n2,000 tonnes of semolina to Egypt, the U.S. Agriculture\nDepartment said.\n The department said the bonus was 233.91 dlrs per tonne and\nwas made to International Multifoods Corp. The bonus will be\npaid in the form of commodities from CCC stocks.\n The semolina is for shipment during June 1987, it said.\n An additional 13,000 tonnes of semolina are still available\nto Egypt under the Export Enhancement Program initiative\nannounced on August 6, 1986, it said.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:24:55.56", "topics": [ "grain", "wheat" ], "places": [ "usa", "egypt" ], "id": "2008" }, { "title": "FRENCH CGE GROUP LIKELY TO BE PRIVATISED IN MAY", "body": "France's state-owned Cie Generale\nd'Electricite (CGE) is likely to be privatised during May this\nyear, sources close to Finance Minister Edouard Balladur said.\n Although the Finance Ministry simply said that the group\nwould be privatised during the course of this year, when it\nfirst announced the operation in early January, the May date is\nearlier than the market had expected.\n As a result it will follow close on the heels of the\nprivatisation of the TF1 television channel and the advertising\ngroup <Agence Havas>.\n Last month the government privatised the first of the state\nfinancial groups, Cie Financiere de Paribas <PARI.P>, in a\nfloatation which was 40 times oversubscribed.\n And in December the first of the industrial groups, glass\nmaker Cie de Saint-Gobain <SGEP.P>, returned to the private\nsector.\n CGE has interests ranging from telecommunications to\nshipbuilding and nuclear engineering, and recently struck a\ndeal with ITT Corp <ITT.N> to create the world's second largest\ntelecommunications group under the Alcatel name.\n REUTER\n\u0003", "date": " 5-MAR-1987 09:26:07.38", "places": [ "france" ], "id": "2009" }, { "title": "FIVE GROUPS APPLY TO BUY FRENCH TELEPHONE GROUP", "body": "Five consortia have applied to buy the\nFrench state-owned telephone equipment manufacturer <Cie\nGenerale de Constructions Telephoniques (CGCT)>, which will\ngive the owners control of 16 pct of the French telephone\nswitching market, sources close to Finance Minister Edouard\nBalladur said.\n The French government has given itself until the end of\nApril to decide which applicant will be accepted, they added.\n While several foreign groups have said they want to gain a\nfoothold in the French market, their potential stake in CGCT is\nlimited to 20 pct under privatisation laws passed last year,\nwith 80 pct to be left in French hands.\n The Finance Ministry sources gave no details of the groups\ninterested in CGCT, but several have publicly announced their\ncandidacies.\n U.S. Telecommunications giant American Telephone and\nTelegraph Co <T.N> which has been at the centre of the two-year\nbattle for CGCT, has teamed up with the Dutch-based <Philips\nTelecommunications Industrie B.V.>, a subsidiary of NV Philips\nGloeilampenfabriek <PGLO.AS> and <Societe Anonyme de\nTelecommunications> (SAT) to present a joint bid, in\nassociation with holding company Cie du Midi SA <MCDP.P> and\nfive French investment funds.\n A second bid has come from the West German electronics\ngroup Siemens AG <SIEG.F>, which hopes to take a 20 pct stake\nin CGCT, with the French telecommunications <Jeumont-Schneider>\ntaking the remaining 80 pct.\n Sweden's <AB LM Ericsson> has also submitted a bid for the\nmaximum 20 pct permitted, in association with French defence\nelectronics group <Matra>, which would hold between 40 and 49\npct, and construction group <Bouygues>.\n Matra has already acquired CGCT's private telephone\nbusiness.\nREUTER...\n\u0003", "date": " 5-MAR-1987 09:26:17.58", "topics": [ "acq" ], "places": [ "france", "usa", "west-germany", "netherlands", "sweden" ], "id": "2010" }, { "title": "SPEAKER SEEKING SUPPORT FOR U.S. TAX INCREASES", "body": "House Speaker Jim Wright is lobbying\ncongressmen to support a plan to cut the 1988 budget deficit\nabout 40 billion dlrs, half through spending cuts and the\nremainder through tax hikes, congressional sources said.\n He is backing a half and half plan and has made the\nsuggestion to Democrats on the House Budget Committee\nprivately, committee sources said.\n However, a committee source told Reuters that committee\nDemocrats already generally favor a plan to cut the deficit\nabout 40 billion dlrs, half through taxes and the Speaker's\nmove was seen as building support outside the committee.\n Wright's 20 billion dlr revenue raising plan has no\nspecifics, although he has floated a stock transfer tax and\nalso has suggested deferring tax cuts due to the wealthy.\n Neither of those plans has caught fire yet in Congress, and\nsome congressmen are cool to the idea of a stock tax.\n The Budget committee is considering a 1988 budget aimed at\nreducing the estimated deficit of 170 billion dlrs as estimated\nby the nonpartisan Congressional Budget Office.\n Committee Chairman William Gray has publicly backed a\nbudget cutting move of 40 billion dlrs but says that will not\nreach the Gramm-Rudman deficit target for 1988 of 108 billion\ndlrs, although he claims it will be in the spirit of it.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:27:39.53", "places": [ "usa" ], "id": "2011" }, { "title": "BLIZZARD CLOSES BOSPHORUS", "body": "Blizzard conditions halted shipping\nthrough the Bosphorus waterway and piled snow up to 70 cms deep\nin central Istanbul, paralysing the city for the second day\nrunning.\n Snow whipped by 48 kph winds continued to fall on Istanbul\nand northwest Anatolia after 36 hours and weather reports\npredicted no relief for another two days.\n Port officials said at least six large vessels in the Black\nSea and 13 in the Sea of Marmara were waiting for conditions to\nimprove.\n Istanbul's Ataturk international airport has been closed\nsince yesterday.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:31:01.67", "topics": [ "ship" ], "places": [ "turkey" ], "id": "2012" }, { "title": "JAPAN FUND <JPN> SEEKERS CONFIDENT OF FINANCING", "body": "The <Sterling Grace Capital Management\nL.P.> group said it is confident financing can be arranged if\nThe Japan Fund's board recommend's the group's acquisition\nproposal.\n The group, which also includes <Anglo American Security\nFund L.P.> and T.B. Pickens III, Tuesday proposed an entity it\ncontrols acquire for cash all the assets of Japan Fund for 95\npct of the fund's aggregate net asset value.\n The group said it has had a number of meetings over the\npast few days with domestic and overseas financial institutions.\n The Sterling Grace Capital group said certain of these\ninstitutions have expressed serious interest in providing\nfinancing for the proposed acquisition of Japan Fund, \"adding\nwe are reasonably confident that the financing can be quickly\narranged if the Japan Fund's board of directors is willing to\nrecommend the transaction to shareholders.\"\n Reuter\n\u0003", "date": " 5-MAR-1987 09:33:06.03", "topics": [ "acq" ], "places": [ "usa" ], "id": "2013" }, { "title": "K MART CORP FEBRUARY SALES UP 13.1 PCT ON COMPARABLE STORE BASIS\n", "date": " 5-MAR-1987 09:33:18.80", "id": "2014" }, { "title": "TANZANIAN RAILWAYS SECURE 25.6 MLN DLRS AID", "body": "State-run Tanzania Railway\nCorporation (TRC) has secured 25.6 mln dlrs aid from banks and\nEuropean countries for a one-year emergency repair program,\nTransport Minister Mustafa Nyang'anyi said.\n Nyang'anyi told Reuters on his return from a World Bank\nsponsored donors' conference in New York that the aid would\nenable TRC to buy spares for 32 locomotives, overhaul 800\nwagons and replace 67,000 sleepers over the next 12 months.\n The World Bank, African Development Bank, European\nCommunity, Canada, Belgium, West Germany, Britain, Sweden,\nItaly and Denmark had contributed to the package, he said.\n TRC runs a rail network linking Dar es Salaam and the\nnorthern port of Tanga with the coffee-growing area around\nMount Kilimanjaro and ports on Lake Victoria and Lake\nTanganyika.\n It is under separate administration from the\nTanzania-Zambia railway linking Dar es Salaam with the Zambian\ncopperbelt and the railway system of southern Africa, which has\nalready received substantial aid as part of international\nefforts to ease the dependence of landlocked African states on\ntrade routes through South Africa.\n But this is the first international aid package for TRC,\nwhich also carries cargo for Uganda, Zaire and Burundi.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:34:02.54", "organisations": [ "worldbank", "adb-africa", "ec" ], "places": [ "tanzania", "canada", "belgium", "west-germany", "uk", "sweden", "italy", "denmark", "zambia", "south-africa" ], "id": "2015" }, { "title": "PEGASUS GOLD INC <PGULF> 3RD QTR DEC 31 NET", "body": "Shr profit 20 cts vs loss two cts\n Net profit 2,665,000 vs loss 202,000\n Revs 12,141,000 vs 5,993,000\n Nine mths\n Shr profit 35 cts vs loss 11 cts\n Net profit 4,653,000 vs loss 1,167,000\n Revs 35.1 mln vs 18.0 mln\n Reuter\n\u0003", "date": " 5-MAR-1987 09:34:13.71", "topics": [ "earn" ], "places": [ "canada" ], "id": "2016" }, { "title": "STOP AND SHOP'S <SHP> BRADLEES FEBRUARY SALES UP", "body": "Stop and Shop Cos Inc said sales for the\nfour weeks ended February 28 for its Bradlees Discount\nDepartment Stores Division were up six pct to 104 mln dlrs from\n98 mln dlrs a year before, with same-store sales up three pct. \n The company said the modest comparable store sales increase\nwas due to a combination of difficult weather conditions in the\nNortheast, a later Easter this year and a possible slowing in\nconsumer demand.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:34:57.56", "places": [ "usa" ], "id": "2017" }, { "title": "GM LAYING OFF 5,500 AT TWO MICHIGAN PLANTS", "body": "General Motors Corp said it ordered\ntemporary layoffs of 5,500 hourly workers to cut production and\nthereby reduce inventories of cars built at two plants later\nthis month.\n A spokesman said 2,000 workers would be laid off one week\nbeginning March 9 at GM's Detroit-Hamtramck luxury car plant.\n Another 3,500 will be laid off a week effective March 23 at\nGM's Lansing, Mich, plant which builds the company's \"N-body\"\ncompact cars.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:35:22.89", "places": [ "usa" ], "id": "2018" }, { "title": "MITSUBISHI MOTOR/AMERICA FEBRUARY SALES RISE", "body": "Mitsubishi Motor Sales\nof America Inc said sales of all vehicles rose 43.7 pct in\nFebruary to 9,735 units from 6,776 in February 1986.\n Sales of passenger cars and wagons grew 11.7 pct to 5,314\nfrom 4,758 and truck and van sales more than doubled to 4,421\nfrom 2,018, the affiliate of Mitsubishi Motors Corp said.\n Year-to-date total vehicle sales increased 16.5 pct to\n14,966 from 12,842.\n Car and wagon sales in the two months fell 13.7 pct to\n7,640 from 8,848 but sales of trucks and vans grew 83.4 pct to\n7,326 from 3,994.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:36:37.16", "places": [ "usa" ], "id": "2019" }, { "title": "<KELTIC INC> YEAR NET", "body": "Shr 99 cts vs 1.25 dlrs\n Net 418,733 vs 235,572\n Revs 2,777,425 vs 2,024,116\n Note: 1986 shr after November, 1986 600,000 class A\nsubordinate floating share issue\n Reuter\n\u0003", "date": " 5-MAR-1987 09:38:14.93", "topics": [ "earn" ], "places": [ "canada" ], "id": "2020" }, { "title": "SUPERMARKETS GENERAL <SGC> FEBRUARY SALES RISE", "body": "Supermarkets General Corp reported sales\nof 424.8 mln dlrs for the four-week period ended Feb 28, 1987,\nA 7.2 pct increase over sales of 396.4 mln dlrs for the\ncomparable period last year.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:39:13.96", "places": [ "usa" ], "id": "2021" }, { "title": "U.K. MONEY MARKET GIVEN HELP, OFFERED FACILITIES", "body": "The Bank of England said it had given the\nmoney market 206 mln stg of assistance this afternoon and\noffered the discount houses borrowing facilities to take out\nthe rest of the 1.10 billion stg shortage, revised down from an\ninitial 1.15 billion estimate.\n It made no alteration to its established dealing rates,\nbuying 95 mln stg of band one bank bills at 10-7/8 pct and 111\nmln of band two bank bills at 10-13/16 pct. This brings the\nBank's total assistance so far today to 243 mln stg.\n REUTER\n\u0003", "date": " 5-MAR-1987 09:40:41.79", "topics": [ "money-fx", "interest" ], "places": [ "uk" ], "id": "2022" }, { "title": "SUPERMARKETS GENERAL <SGC> FEBRUARY SALES RISE", "body": "Supermarkets General Corp\nreported sales of 424.8 mln dlrs for the four-week period ended\nFeb 28, 1987, A 7.2 pct increase over sales of 396.4 mln dlrs\nfor the comparable period last year.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:40:53.56", "places": [ "usa" ], "id": "2023" }, { "title": "E.F. HUTTON <EFH> STARTS PUROLATOR <PCC> BID", "body": "E.F. Hutton Group Inc said it has\nstarted its previously announced offer to purchase up to\n6,332,471 common shares of Purolator Courier Corp at 35 dlrs\neach.\n In a newspaper advertisement, the company said the offer,\nproration period and withdrfawal rights will expire April One\nunless extended. The offer is conditioned on receipt of at\nleast 5,116,892 Purolator shares, or a 66.7 pct interest, and\nis the first step in a merger agreement that has been approved\nby the Purolator board.\n Hutton said it reserves the right to buy more than\n6,332,471 shares but has no present intention of doing so. It\nsaid it may waive the condition that at least 5,116,892 shares\nbe tendered as long as it received at least a 50.1 pct\ninterest. If it were to receive fewer shares than that, it\nsaid it would only purchase sharesd with the consent of\nPurolator.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:41:51.56", "topics": [ "acq" ], "places": [ "usa" ], "id": "2024" }, { "title": "YEUTTER PUTS CURRENCY BURDEN ON TAIWAN, KOREA", "body": "Responsibility for the appreciation of\nthe Taiwan dollar and the South Korean Won lies soley with\nthose countries, said U.S. trade representative Clayton Yeutter\n Speaking to the Asia Society, Yeutter said that it is in\nthose countries' own long-term interest to raise the value of\ntheir currencies against the dollar.\n Yeutter was responding to a question about what the U.S.\ncould do to encourage appreciation of those currencies against\nthe dollar in order to reduce the large U.S. trade deficits\nwith Taiwain and Korea.\n \"An undervalued currency will help those countries' exports\nin the short term, but in the long run they have to be\nconcerned about how they are perceived in the international\nbusiness community,\" Yeutter said.\n For Taiwan, Yeutter said that with its per capita trade\nsurplus with the U.S., much larger than that of Japan's, and\nwith huge foreign exchange reserves, it was difficult to defend\nthe high import tarrifs and other barriers that prevail in that\ncountry.\n He also said that the south Korean Won should begin to move\nto reflect underlying economic fundamentals, \"otherwise in two\nor three years' time, Korea will be in the same situation that\nprevails in Taiwan.\"\n Turning to the U.S. deficit with Japan of more than 50\nbillion dlrs, Yeutter said that this situation was not\nsustainable.\n \"Something must give soon. If not, there is a great threat\nof U.S. legislative action to counteract that trend,\" Yeutter\nsaid.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:42:45.36", "topics": [ "money-fx" ], "places": [ "usa", "taiwan", "south-korea" ], "id": "2025" }, { "title": "PRINCEVILLE DEVELOPMENT CORP <PVDC> YEAR LOSS", "body": "Shr diluted loss 31 cts vs profit 17 cts\n Net loss 2,806,005 vs profit 1,513,395\n Revs 15.0 mln vs 10.4 mln\n Avg shrs diluted 8,982,754 vs 8,804,899\n NOTE: Current year includes loss of 3.4 mln dlrs from\ntakeover defense expenses. Also includes losses of 1.8 mln dlrs\nvs 332,000 dlrs from equity in limited partnerships.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:42:52.28", "topics": [ "earn" ], "places": [ "usa" ], "id": "2026" }, { "title": "ORANGE-CO <OJ> HOLDER RAISES STAKE", "body": "Orange-Co Inc said its\nlargest shareholder, <Summit Resoureces Inc>, has increased its\nstake to 15 pct from 14 pct and now owns 644,727 shares.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:44:47.86", "topics": [ "acq" ], "places": [ "usa" ], "id": "2027" }, { "title": "HORIZON CORP <HZN> 4TH QTR NET", "body": "Oper shr profit 1.66 dlrs vs loss eight cts\n Oper net profit 12.0 mln vs loss 572,000\n Revs 27.4 mln vs 4,311,000\n Year\n Oper shr profit 1.36 dlrs vs loss 43 cts\n Oper net profit 9,817,000 vs loss 2,433,000\n Revs 35.0 mln vs 13.8 mln\n Avg shrs 7,224,000 vs 6,731,000\n NOTE: 1985 net includes tax credits of 492,000 dlrs in\nquarter and 2,433,000 dlrs in year.\n 1985 net both periods excludes 168,000 dlr loss from\ndiscontinued operations.\n 1986 net both periods includes pretax gain 21.8 mln dlrs\nfrom sale of remaining interest in Paradise Hills, N.M.,\ndevelopment.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:44:55.17", "topics": [ "earn" ], "places": [ "usa" ], "id": "2028" }, { "title": "<INTERNATIONAL THOMSON ORGANISATION LTD> YEAR", "body": "Shr 33p vs 38p\n Net 97 mln vs 111 mln\n Revs 1.71 billion vs 1.76 billion\n NOTE: Figures in sterling.\n Share results after deducting preferred share dividends of\none mln pounds sterling in 1986.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:45:10.22", "topics": [ "earn" ], "places": [ "canada" ], "id": "2029" }, { "title": "FRENCH FARMERS STRONGLY CRITICISE EC MILK PACT", "body": "The EC agriculture ministers' agreement on\nreducing dairy output puts milk producers in an impossible\nsituation, French farm unions said.\n The accord to limit butter sales into intervention, part of\nplanned dairy output cuts of 9-1/2 pct over two years, will cut\nmilk producers' income, a spokeswoman for France's largest farm\nunion, the FNSEA, said.\n The move has destroyed part of the Common Agricultural\nPolicy, French milk producers said in a press release.\n But Agriculture Minister Francois Guillaume said\nrepercussions of the plan will affect dairies, not farmers.\n \"If there are negative repercussions, it will be at the\nlevel of the dairies which have never looked for new outlets\nfor butter and milk,\" he told journalists during a visit to\nRouen.\n FNSEA president Raymond Lacombe said on French radio the\nmilk sector needs restructuring by encouraging early retirement\nand helping young farmers to start. But Commission proposals,\nrejected by ministers, would have frozen land prices, he said.\n The FNSEA says it will demonstrate over Commission\nproposals to freeze most 1987/88 farm prices and cut supports.\nPig farmers have held violent demonstrations over falling pork\nprices and milk producers blocked roads in protest at cuts in\nmilk output.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:45:49.05", "organisations": [ "ec" ], "places": [ "france" ], "id": "2030" }, { "title": "IBJ ESTABLISHES 200 MLN STG CD PROGRAMME", "body": "The Industrial Bank of Japan Ltd (IBJ),\nLondon Branch, said it is establishing a sterling certificate\nof deposit (CD) issuance programme for up to 200 mln stg.\n The arranger is LLoyds Merchant Bank Ltd and dealers are\nLLoyds, Samuel Montagu and Co Ltd, Morgan Grenfell and Co Ltd\nand S.G. Warburg and Co Ltd.\n The paper will have maturities between seven and 365 days.\n REUTER\n\u0003", "date": " 5-MAR-1987 09:52:38.52", "places": [ "uk" ], "id": "2031" }, { "title": "MOBIL'S MONTGOMERY WARD AND CO FEBRUARY SALES UP 12.7 PCT ON COMPARABLE STORE BASIS\n", "date": " 5-MAR-1987 09:53:39.85", "id": "2032" }, { "title": "EQUATORIAL COMMUNICATIONS CO <EQUA> 4TH QTR LOSS", "body": "Shr loss 3.84 dlrs vs nil\n Net loss 56,879,000 vs profit 23,000\n Rev 10.3 mln vs 17.7 mln\n Year\n Shr loss 4.60 dlrs vs profit 14 cts\n Net loss 67,818,000 vs profit 1,807,000\n Rev 50.9 mln vs 56.1 mln\n Avg shares 14,734,000 vs 12,801,000\n NOTE: Fourth qtr net includes a one-time restructuring\ncharge of 45.2 mln dlrs. 1985 net income includes extraordinary\ngain of 3.2 mln dlrs, or 25 cts.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:54:03.66", "topics": [ "earn" ], "places": [ "usa" ], "id": "2033" }, { "title": "IRAQ SAYS IT CRUSHES NEW IRANIAN BASRA OFFENSIVE", "body": "Iraq said its forces killed or wounded\n15,000 Iranian Revolutionary Guards as they crushed a new\nIranian offensive near the strategic port city of Basra.\n A high command war communique said four Revolutionary\nGuards divisions attacked Iraqi positions east of Basra on the\nGulf War southern front, but they were fully crushed by noon\n(0900 GMT).\n Adbul-Jabbar Mohsen, chief of the defence ministry\npolitical department, said the Iranians had 15,000 casualties.\n Iran earlier today said its forces launched fresh attacks\nnear Basra last night, adding that 1,200 Iraqis were killed or\nwounded in fighting near Fish Lake, 10 km east of Basra.\n In its first reaction to Tehran reports of a new Iranian\noffensive on the northern front, Iraq said fighting continues\naround the strategic mountain peak of Kardamanend, overlooking\nthe Haj Omran-Rawandiz axis close to the Iranian border.\n A military spokesman said Iran launched its attack in the\nnorth \"to (turn) Iraqi attention towards that area and relax\npressure in the south.\"\n He added, \"Iraq knows well that Iran's main goal is to\noccupy Basra in the south and that was the reason why Iraq has\nrepelled their new offensive so decisively and firmly.\"\n Iran reported heavy fighting on both fronts today.\n REUTER\n\u0003", "date": " 5-MAR-1987 09:55:41.23", "places": [ "iran", "iraq" ], "id": "2034" }, { "title": "INTERNATIONAL THOMSON ORGANISATION LTD YEAR SHR 33P VS 38P\n", "date": " 5-MAR-1987 09:55:46.08", "topics": [ "earn" ], "id": "2035" }, { "title": "ENZON <ENZN> SAYS DRUG TREATS DISEASE", "body": "Enzon Inc said a new\ntreatment using its investigational new drug PEG-ADA has\nrestored the functioning of the immune system in the first two\nchildren that were born deficient in the enzyme adenosine\ndeaminase.\n The disorder is known as severe combined immunodeficiency\ndisease, or \"bubble boy disease\"\n Bubble Boy Disease is a rare but severe disease that\nhampers the development of the immune system. It has killed\nmost of its victims before adulthood.\n Children with the disease are consigned to live in a\nsterile environment, such as a plastic bubble, to avoid\ninfection, the company said.\n The study of Enzon's drug, conducted at Duke University,\nshowed that two children suffering from the disease were\ntreated for 11 and seven months, respectively, and were free of\nserious infection during that time, the company said. The\nresults were published in the New England Journal of Medicine.\n The disease is caused by a missing enzyme, called Adenosine\nDeaminase, or ADA, that is crucial to the development of the\nimmune system.\n Enzon said it has developed a technology to coat the enzyme\nwith a substance called polyethylene glycol, or PEG, serving to\ndisguise the enzyme when it is reintroduced into the body,\npreventing rejection.\n \"Marked improvement in laboratory tests of immune function\noccurred in each child, along with an increase in the number of\nT-lymphocytes, the immune cells that were missing before\ntreatment with PEG-ADA had begun,\" the study said.\n \"The children are now more active and have begun to gain\nweight and height. Before treatment their growth had been very\npoor in comparison to normal children of the same age,\" the\nstudy, conducted by Doctors Michael Hershfield and Rebecca\nBuckley, said.\n The PEG-ADA injections were given once a week. Victims of\nthe disease have traditionally been treated by bone marrow\ntransplants, but for most, donors are not available or\ntransplantation is unsuccessful, the company said. Other\ndiseases caused by a missing enzyme might also be treated by\nintroducing a PEG coated enzyme, the article noted.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:56:03.54", "places": [ "usa" ], "id": "2036" }, { "title": "MCI COMMUNICATIONS CALLS FOR IMMEDIATE DEREGULATION OF ATT \n", "date": " 5-MAR-1987 09:57:00.61", "id": "2037" }, { "title": "F.W. WOOLWORTH CO FEBRUARY SALES INCREASE 11.3 PCT\n", "date": " 5-MAR-1987 09:58:35.61", "id": "2038" }, { "title": "TRIMEDYNE <TMED> TO SPIN OFF STAKE IN UNIT", "body": "Trimedyne Inc said it will\ndistribute one Class B common share of <Automedix Sciences Inc>\nfor each four Trimedyne shares held of record on March Nine.\n The company said in the spinoff it is distributing its\nentire 44 pct interesdt in Automedix. The spun-off stock will\nnot be saleable for 13 months, the company said.\n Reuter\n\u0003", "date": " 5-MAR-1987 09:59:40.82", "topics": [ "acq" ], "places": [ "usa" ], "id": "2039" }, { "title": "K MART <KM> FEBRUARY SALES UP 8.2 PCT", "body": "K Mart Corp said February sales \nrose 13.1 pct from a year ago and comparable store sales in the\nfour-week period ended February 25 rose 8.2 pct.\n K Mart said consolidated sales in the period were 1.46\nbillion dlrs compared with 1.29 billion last year. It said the\nyear-ago figures excluded sales for discontinued operations.\n K Mart cited \"favorable consumer response to our\nmerchandise programs\" and said its specialty retailers had\n\"excellent February sales.\"\n Reuter\n\u0003", "date": " 5-MAR-1987 10:00:29.72", "places": [ "usa" ], "id": "2040" }, { "title": "HECK'S INC TO RELEASE NEWS SHORTLY .\n", "date": " 5-MAR-1987 10:00:45.71", "id": "2041" }, { "title": "CASEY'S GENERAL STORES INC <CASY> 3RD QTR JAN 31", "body": "Shr 16 cts vs 13 cts\n Net 1,900,000 vs 1,600,000\n Sales 68.2 mln vs 69.6 mln\n Nine mths\n Shr 60 cts vs 43 cts\n Net 7,100,000 vs 4,700,000\n Sales 214.0 mln vs 219.5 mln\n Reuter\n\u0003", "date": " 5-MAR-1987 10:01:44.44", "topics": [ "earn" ], "places": [ "usa" ], "id": "2042" }, { "title": "J.C. PENNEY FEBRUARY STORE AND CATALOG SALES UP 5.3 PCT\n", "date": " 5-MAR-1987 10:02:32.72", "id": "2043" }, { "title": "FRENCH FREE MARKET CEREAL EXPORT BIDS DETAILED", "body": "French operators have requested licences\nto export 40,000 tonnes of free market feed wheat, 32,500\ntonnes of soft bread wheat, 375,000 tonnes of barley and\n465,000 tonnes of maize at today's European Community tender,\ntrade sources here said.\n Rebates requested ranged between 134 and 136.50 European\ncurrency units (Ecus) a tonne for the feed wheat, 137.39 and\n141.50 Ecus a tonne for the bread wheat, 137.93 and 142.95 Ecus\nfor the barley and 133.75 and 140.25 Ecus for the maize.\n Reuter\n\u0003", "date": " 5-MAR-1987 10:02:53.85", "topics": [ "grain", "wheat", "barley", "corn" ], "organisations": [ "ec" ], "places": [ "france" ], "id": "2044" }, { "title": "OCCIDENTAL <OXY> OFFERS OVER 37 MLN SHARES", "body": "Occidental Petroleum Corp said its\ncommon stock offering has been further increased to a total of\n37,950,000 shares.\n The company explained that underwriters exercised in full\ntheir option to increase tohe offering by buying an additional\n4,950,000 shares over and above the 33 mln brought to market\nyesterday. Originally, Occidental had planned to offer 30 mln\nshares. It had 165 mln outstanding prior to the offering.\n The underwriters are Drexel Burnham Lambert Inc, Kidder\nPeabody and Co Inc and Salomon Brothers Inc.\n At the public offering price of 30.50 dlrs a share,\nOccidental said, the total value of the offering was nearly\n1.16 billion dlrs, making it the largest underwritten common\nequity offering by a U.S. natural resource company.\n The company said the significant financial improvements\nfrom applying the net proceeds of the offering, principally to\nthe reduction of debt, along with its 1986 restructuring of oil\nand gas operations and the acquisition of Midcon Corp have\npositioned Occidental to benefit from an improving oil and gas\nindustry environment.\n Reuter\n\u0003", "date": " 5-MAR-1987 10:03:24.09", "places": [ "usa" ], "id": "2045" }, { "title": "DIAMOND SHAMROCK <DIA> RAISES CRUDE OIL POSTINGS", "body": "Diamond Shamrock said it raised its\nposted prices for all grades of crude oil one dlr a barrel,\neffective yesterday.\n The one dlr increase brings West Texas Intermediate, WTI\nthe U.S. benchmark crude, to 17.00 dlrs a bbl, the company\nsaid.\n Diamond Shamrock joined Sun Co, Coastal, Citgo and Murphy\nOil in raising crude oil posted prices one dlr a barrel\nyesterday.\n Reuter\n\u0003", "date": " 5-MAR-1987 10:03:43.41", "topics": [ "crude" ], "places": [ "usa" ], "id": "2046" }, { "title": "OAK HILL SPORTSWEAR CORP <OHSC> 4TH QTR NET", "body": "Shr 27 cts vs 28 cts\n Net 1,026,000 vs 1,025,000\n Sales 27.8 mln vs 25.4 mln\n Year\n Shr 95 cts vs 16 cts\n Net 3,682,000 vs 598,000\n Sales 102.1 mln vs 100.4 mln\n Avg shrs 3,858,000 vs 3,700,000\n Reuter\n\u0003", "date": " 5-MAR-1987 10:04:23.59", "topics": [ "earn" ], "places": [ "usa" ], "id": "2047" }, { "title": "OAK INDUSTRIES INC <OAK> 4TH QTR LOSS", "body": "Oper shr loss five cts vs loss 50 cts\n Oper net loss 3,862,000 vs loss 15,900,000\n Sales 42.6 mln vs 38.8 mln\n Avg shr 72.1 mln vs 31.7 mln\n Year\n Oper shr loss 51 cts vs loss 2.10 dlrs\n Oper net loss 30.3 mln vs 51.3 mln\n Sales 151.7 mln vs 153.1 mln\n Avg shrs 59.4 mln vs 24.4 mln\n Backlog 57.1 mln vs 52.9 mln\n NOTES: Operating losses exclude profits from discontinued\noperationgs of 1,000,000 dlrs, or one cent a share, vs\n2,493,000 dlrs, or eight cts a share, in quarter and 65.0 mln\ndlrs, or 1.09 dlrs a share, vs 13.7 mln dlrs, or 56 cts a\nshare, in year\n 1986 year operating loss also excludes extraordinary gain\nof of 25.6 mln dlrs, or 43 cts a share\n Backlog, which includes only orders to be shipped within 12\nmths, was 63.0 mln dlrs on January 31. Orders to be shipped\nbeyond 12 mths were 27.6 mln dlrs vs 17.1 mln dlrs at December\n31\n Reuter\n\u0003", "date": " 5-MAR-1987 10:04:32.26", "topics": [ "earn" ], "places": [ "usa" ], "id": "2048" }, { "title": "REGIS CORP <RGIS> REGULAR DIVIDEND SET", "body": "Qtly div 4-1/2 cts vs 4-1/2 cts prior\n Pay April 15\n Record March 24\n Reuter\n\u0003", "date": " 5-MAR-1987 10:04:36.77", "topics": [ "earn" ], "places": [ "usa" ], "id": "2049" }, { "title": "JAMESWAY <JMY> FEBRUARY SALES UP 13 PCT", "body": "Jamesway Corp said it had sales\nfor the four weeks ended February 28, excluding leased\ndepartments, were 31.7 mln dlrs, up 13 pct from 28.0 mln dlrs\nin the comperable four week period a year earlier.\n On a store for store basis, the company said, sales\nincreased five pct. It operated 100 stores last month, up from\n92 in February 1986.\n Reuter\n\u0003", "date": " 5-MAR-1987 10:05:25.49", "places": [ "usa" ], "id": "2050" }, { "title": "K MART <KM> COMPARABLE-STORE FEBRUARY SALES UP", "body": "K Mart Corp said February sales \nrose 13.1 pct from a year ago and comparable store sales in the\nfour-week period ended February 25 rose 8.2 pct.\n K Mart said consolidated sales in the period were\n1,459,193,000 dlrs compared with 1,289,635,000 dlrs last year.\nIt said the year-ago figures excluded sales for discontinued\noperations such as Designer Depots, Furr's Cafeterias and\nBishop Buffets.\n K Mart cited \"favorable consumer response to our\nmerchandise programs\" and said its specialty retailers had\n\"excellent February sales.\"\n Reuter\n\u0003", "date": " 5-MAR-1987 10:09:59.43", "places": [ "usa" ], "id": "2051" }, { "title": "CONGRESS MAY CURB U.S. AID TO DEVELOPMENT BANKS", "body": "Congressional ire is rising against\nthe multinational development banks which make loans to help\nother countries produce goods in direct competition with\nbeleagured U.S. farmers and miners.\n With a record U.S. trade deficit of 169 billion dlrs last\nyear and a farm economy in the doldrums, Congress is pressing\nto hold back U.S. funds for the World Bank and other\ndevelopment banks if the money is used to subsidize production\nor to produce goods already in oversupply around the world.\n \"American tax dollars are being used to subsidize foreign\nagriculture and mineral production that is often in direct\ncompetition with our producers,\" Senator Don Nickles, an\nOklahoma Republican, said in a letter to fellow senators\nseeking support for his legislation to limit these loans.\n Nickles and Senator Steven Symms, a conservative Republican\nfrom Idaho, have introduced legislation that would strictly\nlimit U.S. funding of multinational development banks if they\nmake any loans to help developing countries produce surplus\ncommodities or minerals.\n Current law requires that the United States vote against\nsuch loans but carries no reprisals if they are ultimately\napproved by the banks.\n Treasury Secretary James Baker's assurances that U.S.\npolicy is to oppose these loans did not satisfy concerns raised\nat two Senate committee hearings last week.\n Baker told a Senate Appropriations subcommittee on Foreign\nOperations, \"As a policy matter, we oppose loans for production\nof commodities in oversupply.\"\n The senators cited a 350-mln-dlr World Bank loan made to\nArgentina last year to help it increase its agricultural\nexports by one billion dlrs a year by 1989.\n Nickles, Symms and others also have cited other loans such\nas a 1985 World Bank loan to Hungary to expand livestock\nexports and 500 mln dlrs lent to Thailand from 1981 to 1985 at\nlow interest rates for agriculture.\n Last year the Republican-controlled Senate voted three\ntimes over the objections of the administration to cut U.S.\nfunding of development banks by the amount of these loans.\n But even with a 65 to 15 vote in favour of the proposal,\nthe restrictions were weakened in the final version. Only a\nprovision directing U.S. officials to vote disapproval cleared\nCongress.\n This year's version, called the Foreign Agricultural\nInvestment Reform (FAIR) Act would require the U.S. to vote\nagainst loans designed to increase production of surplus\ncommodities and minerals. Also, the recipient countries would\nhave to prove that the production, marketing and export of the\ncommodities could be handled without government subsidy.\n If the loan is approved over U.S. objections, the United\nStates would not increase or replenish funds for that\ninstitution until it agrees to stop making such loans.\n Objections to such loans have most often been raised by\nconservative Republicans who have traditionally opposed U.S.\nfunding for these international development banks.\n But the loss of many jobs to foreign competition has raised\nsimilar concerns among more moderate senators.\n The administration opposes any legislation that would tie\nits hands in votes on the loans. It argues there might be\ninstances in which a country needed the money to continue its\nmoves toward U.S. policies in other areas.\n Baker said the United States would continue to use its\nleverage in the banks to require foreign trade liberalization\nmeasures, often in the form of elimination of subsidies.\n Two House Republicans, Representatives Larry Craig of Idaho\nand Beau Bolter of Texas, have introduced the bill. But it\nfaces stiff opposition in the House Banking Committee which has\nblocked its consideration by the House in the past.\n Symms intends to offer the bill as an amendment to any\nrelated legislation this year, an aide said.\n Reuter\n\u0003", "date": " 5-MAR-1987 10:11:50.97", "organisations": [ "worldbank" ], "places": [ "usa" ], "id": "2052" }, { "title": "EQUATORIAL <EQUA> SIGNS PACT WITH CONTEL UNIT", "body": "Equatorial Communications\nCo, a satellite data network concern, said it has signed an\nagreement with Contel Corp's <CTC>, Contel ASC, unit allowing\nContel ASC to buy 3.6 mln shares of Equatorial stock at 3.25\ndlrs per share.\n In addition, Equatorial said under the agreement Contel ASC\nwould buy a minimum of 10 mln dlrs of equipment from\nEquatorial, loan Equatorial up to six mln dlrs and assume a\nportion of Equatorial's rights and obligations under a\nsatellite transponder lease.\n Reuter\n\u0003", "date": " 5-MAR-1987 10:13:13.34", "places": [ "usa" ], "id": "2053" }, { "title": "MANNESMANN SEEKS STAKE IN U.S. FIRM", "body": "Mannesmann AG <MMWG.F>, the\ndiversified engineering and pipe-making group, is interested in\ntaking a stake in a U.S. Company or companies but has not yet\nfound a suitable firm, a spokesman said in reply to questions.\n Mannesmann managing board chairman Werner Dieter told the\nbusiness weekly Wirtschaftswoche in an interview that\nMannesmann wanted to invest in a U.S. Company in order to\nstrengthen its presence on the U.S. Market.\n Dieter said Mannesmann would act quickly when and if it\nfound a firm in which it wanted to take a stake.\n The Mannesmann spokesman declined to say in which\nindustrial sector the group may make a U.S. Acquisition or how\nbig the acquisition might be.\n He also said the group had not yet completed taking over a\nstake in car components firm <Fichtel und Sachs AG>.\n Mannesmann had said in January it hoped to take a 37.5 pct\nstake in Fichtel und Sachs's holding company, Sachs AG, in the\nfirst quarter. The spokesman said Mannesmann had a letter of\nintent on the takeover from the heirs of the company's late\nowner but completion has been delayed by legal questions\nconcerning the inheritance.\n REUTER\n\u0003", "date": " 5-MAR-1987 10:13:54.12", "topics": [ "acq" ], "places": [ "west-germany", "usa" ], "id": "2054" }, { "title": "AMERICAN INT'L GROUP INC <AIG> 4TH QTR NET", "body": "Shr 1.83 dlrs vs 77 cts\n Net 296.6 mln vs 120.1 mln\n Year\n Shr 4.90 dlrs vs 2.76 dlrs\n Net 795.8 mln vs 420.5 mln\n NOTE: Includes gains of 139.2 mln vs 46.8 mln in year and\n94.0 mln vs 11.6 mln from capital gains from investments.\n Reuter\n\u0003", "date": " 5-MAR-1987 10:15:44.63", "topics": [ "earn" ], "places": [ "usa" ], "id": "2055" }, { "title": "SYSTEMS FOR HEALTH CARE IN ONE-FOR-50 SPLIT", "body": "Systems for Health Care Inc said it\nrepositioned the company through a one-for-50 reverse stock\nsplit.\n It said there are now 3,002,500 common shares outstanding\nwith a quoted price of about 7/8 bid, compared to 150,125,000\nshares outstanding prior to the split.\n In another recent development, Systems for Health Care\nformally changed its name to its present form from Orcas Corp.\n Reuter\n\u0003", "date": " 5-MAR-1987 10:17:54.70", "topics": [ "earn" ], "places": [ "usa" ], "id": "2056" }, { "title": "FIRST EXECUTIVE CORP <FEXC> GIVES UNIT FUNDS", "body": "First Executive Corp said that its\nprincipal subsidiary contributed 152 mln dlrs to one of its\ndivisions to cover credits it wrongfully took on its 1983 to\n1985 regulatory accounting statements.\n The company said Executive Life Insurance Co gave the\ncapital infusion to its subsidiary, Executive Life Insurance Co\nof New York. It said the new funds bring to 280 mln dlrs the\ncompany has received from its parent the past three years.\n Executive Life Insurance Co of New York admitted a\nviolation of state insurance law and paid a fine of 250,000\ndlrs levied by the New York Insurance Department, according to\nthe company.\n Executive Life of New York took credits for reinsurance\nagreements that provided less protection to the insurer and its\npolicyholders than New York rules require, according to\npublished reports.\n Reuter\n\u0003", "date": " 5-MAR-1987 10:18:25.05", "places": [ "usa" ], "id": "2057" }, { "title": "<HARD ROCK CAFE PLC> SETS INITIAL U.S. OFFERING", "body": "Hard Rock Cafe PLC said it has filed\nfor an initial U.S. offering of 2,240,000 American Depositary\nShares representing 11.2 mln Class A ordinary shares.\n It said 240,000 of the ADS's will be sold by a current\nshareholder.\n Lead underwriter is <Drexel Burnham Lambert Inc>.\n The company said proceeds will be used for the financing of\nadditional restaurants, the expansion of existing restaurants\nand retail operations and the repayment of debt.\n Reuter\n\u0003", "date": " 5-MAR-1987 10:18:32.34", "places": [ "usa" ], "id": "2058" }, { "title": "BELGIUM TO ISSUE 150 BILLION FRANC STATE LOAN", "body": "Belgium is to issue a 150 billion\nfranc, eight-year state loan carrying a coupon of eight pct, a\nFinance Ministry spokesman said.\n Pricing will be fixed next week.\n The spokesman said the loan will feature a call option\nafter four years at a price also to be determined.\n Some 120 billion francs of the loan will be taken up by\nmembers of the issuing consortium, comprising major Belgian\ncommercial banks, and the remaining 30 billion by semi-state\nowned financial institutions.\n The most recent public authority loan stock issue, for the\nstate road building fund Fonds des Routes, was also for eight\nyears with an eight pct coupon. It was priced at par.\n The issue also featured a call option after four years at\n102, falling to 101-1/2 after five and by a half point each\nyear thereafter.\n REUTER\n\u0003", "date": " 5-MAR-1987 10:18:46.99", "places": [ "belgium" ], "id": "2059" }, { "title": "MAY DEPARTMENT STORES CO FEBRUARY SALES RISE 15 PCT\n", "date": " 5-MAR-1987 10:18:51.21", "id": "2060" }, { "title": "ROYAL DUTCH/SHELL U.S. EARNINGS SHARPLY LOWER", "body": "Royal Dutch/Shell Group <RD.AS> earnings\nfor 1986 from the U.S. Fell sharply because of difficult market\nconditions, lower crude and gas prices and also due to\ndifferent accounting methods, Shell chairman Peter Holmes said.\n The Shell Oil dollar net income fell 47 pct in the year,\nwhile the additional effect of currency movements reduced the\ncontribution to group net income by 57 pct to 472 mln stg.\n The group earlier reported a drop in net income for the\nyear to 2.54 billion stg from 3.03 billion previously, with\